This data is based on ZIP code 23430.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Smithfield ZIP Area Economy · 2023
Wages +7% vs. avg. Isle of Wight Co. town
Smithfield's ZIP area supports 5,419 jobs across 410 businesses, with workers earning an average of $62K per year, 7% above the Isle of Wight County average. The economy is well-diversified (0.92 index), led by other services and retail trade. 89% of businesses have fewer than 20 employees, and each business employs an average of 13.2 people. Jobs grew 6.1% from the prior year while business count declined 1.9%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Isle of Wight Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
410 businesses by employee count. 89% are small businesses (under 20 employees).
Medium (20-49)
Micro (<5)
Small (5-9)
Small (10-19)
Medium (50-99)
Economic Densityi
0.62
jobs per resident
13.2
employees per business
County avg: 13.3-1%
$38K
payroll per resident
$818K
payroll per business
Smithfield ZIP Area vs. Avg. Isle of Wight Co. Towni
All Industries in ZIP Areai
| Sector | Smithfield ZIP | Avg. Isle of Wight Co. | Spec. |
|---|---|---|---|
| Other Services | 58 | 40 | 0.8x |
| Retail Trade | 51 | 33 | 0.9x |
| Construction | 41 | 26 | 0.9x |
| Admin Services | 35 | 26 | 0.8x |
| Professional Services | 33 | 19 | 1.0x |
| Food & Accommodation | 30 | 18 | 0.9x |
| Healthcare | 23 | 16 | 0.8x |
| Finance & Insurance | 21 | 13 | 0.9x |
| Real Estate | 21 | 14 | 0.8x |
| Wholesale Trade | 17 | 8 | 1.2x |
| Transportation | 8 | 6 | 0.7x |
| Manufacturing | 7 | 4 | 1.0x |
| Information | 6 | 3 | 1.1x |
| Arts & Entertainment | 6 | 3 | 1.1x |